EUR/NZD shorty

You can see price nicely rejecting the 0.764 fibonacci level, this is more visible on H12 and H4 timeframes. EUR/NZD is already in a strong downtrend shown by 2 bearish trendlines, TP target is the extension level of 1.764, there is also a potential support level before the profit target is met which may result in an early close of the short position